Tagged: Interesting blog bits

Interesting blog bits - The Dismal Science

Paul Walker Apr 26, 2013

A debate on efficient/inefficient institutions.Pirate Democracy? Acemoglu and Robinson argue that democracy arises when nondemocratic elites are forced to cede power to the previously disenfranchised and not as a way to solve some inefficiency. Acemoglu and Robinson claim that this view that democracy solves an inefficiency, a view referred to as the “efficient institutions view”, is wrong but … Read More